Lawrie Williams: Shanghai gold deliveries for August were phenomenal

August is always a weak month for physical gold moving through China's Shanghai Gold Exchange -- or rather it has been up until now. The big months for SGE withdrawals are normally at the beginning and the end of the year ahead of the Chinese New Year holidays, while trading in the summer months is usually thin.

But not this year. Gold moving through the exchange this August has totaled a phenomenal 301.96 tonnes, bringing the year-to-date total to 1,718.2 tonnes, some 219 tonnes more at the same time of year than in 2013, when China consumed a record amount of gold even according to the consistently much lower consumption estimates by the major precious metals analytical consultancies. ...

USAGold, well known for its Internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business.

Please call 1-800-869-5115x100 and ask for the trading desk, or visit: